Welcome to the Cox Automotive Monthly Industry Update. This monthly presentation is new content offered by the Cox Automotive Industry Insights team. The goal is to provide a holistic look at the auto industry’s performance each month in video format. In this month’s video, Cox Automotive Research Manager Rebecca Rydzewski is joined by Senior Economist … Continued
CBT News, May 23, 2022 – Recently, Cox Automotive published the Q1 Kelley Blue Book Brand Watch Report, covering the non-luxury, luxury, and electrified segments. Joining anchor Jim Fitzpatrick on this edition of Inside Automotive is Vanessa Ton, Senior Research Manager at Cox Automotive, who discusses the study and some of its key findings.
ATLANTA, April 26, 2022 – Though only 29% of buyers applied for financing online for their most recent vehicle purchase, 96% of those surveyed are willing to do so, according to a new study published by Cox Automotive. The Cox Automotive Car Buyer Financing Journey Study revealed that buyers who completed key financing steps online … Continued
In this Used Car Dealer Podcast episode, Zach Klempf interviews Randy Kobat, vice president of Inventory Management Solutions at Cox Automotive. Randy discusses the latest developments from NADA, how Upside and Kelley Blue Book Instant Cash Offer help used car dealers, as well as general discussion around inventory management. He also touches on the Cox … Continued
“No one will ever buy those online.” That used to be the conventional wisdom about clothes and home furnishings, yet eCommerce sales of both apparel and furniture increased by more than 20% in 2021.1 Consumers who used to feel strongly about seeing, touching, and trying out these items before purchase chose convenience (backed by reasonable … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 3.3% in March from February. The Manheim Used Vehicle Value Index declined to 223.5, which was up 24.8% from a year ago. The non-adjusted price change in March was an increase of 0.6% compared to February, leaving the unadjusted average price up 23.2% … Continued
For years, consumers have done hours of research online before buying a vehicle. But today they are increasingly comfortable completing a purchase on the web, with 76% of car buyers open to buying completely online.1 In 2021, U.S. eCommerce sales totaled $933 billion and are projected to grow 23.6% by 2025.2 This is helping to … Continued
Auto Remarketing Podcast, March 21, 2022 – Next up in our NADA Show 2022 podcast series, Lori Wittman and Paulo da Silva of Cox Automotive join the Auto Remarketing Podcast, where they chat with senior editor Joe Overby about the company’s Esntial Commerce platform and their work providing digital retail solutions to dealers. In related … Continued
Register now to join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for the Q1 2022 Industry Insights and Sales Forecast Webcast. Monday, March 28 1 p.m. EDT. During this 90-minute session, the team will present data and insights to help quantify how the industry performed, review our first-quarter … Continued
Auto Remarketing Podcast, March 17, 2022 – Next up on our NADA Show podcast series, Cox Automotive Mobility president Joe George and Manheim president Grace Huang sit down with Auto Remarketing senior editor Joe Overby to discuss how electric vehicles — one of the most popular topics at the convention in Las Vegas — and auto auctions … Continued
